Swiss Economy Stagnates in 2Q as Machinery Sales Drop

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Neil MacLucas ZURICH--Switzerland's economy stagnated in the second quarter, data released Tuesday showed. Moderate growth in consumer spending failed to offset the drag on machinery exports from sluggish demand in European markets. Gross domestic product in the three months ...

German Chemical Industry Association Cuts Full-Year Production Forecast

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Chase Gummer FRANKFURT--German Chemical Industry Association VCI on Tuesday cut its forecast for the year, as weak domestic demand and increasing geopolitical tensions led to a drop in chemical production in the second quarter compared with the first quarter. ...

Australian Home-Building Approvals Rise

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--The number of Australian home-building permits rose in July. Approvals to build or renovate houses and apartments gained 2.5% from June, the Australian Bureau of Statistics said Tuesday. From a year earlier, approvals rose 9.4%. Higher rates of housing construction ...

Narrowing Scottish Poll Hits Sterling -- 2nd Update

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Jason Douglas And Josie Cox LONDON--A new poll Tuesday showed a surge in support for Scottish independence, knocking sterling lower on currency markets and raising the stakes for Britain's leaders just weeks before Scots vote on whether to leave ...

Narrowing Scottish Poll Hits Sterling -- Update

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Jason Douglas And Josie Cox LONDON--A new poll Tuesday showed a surge in support for Scottish independence, dramatically raising the stakes for Britain's leaders just weeks before Scots vote on whether to leave a 300-year-old union with the rest ...

MARKET SNAPSHOT: U.S. Stocks: Futures Climb Ahead Of ISM Data

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to kick off September on a high note on Tuesday, with futures moving broadly up ahead of data expected to show healthy U.S. factory activity in August. Futures for ...

AutoZone to Acquire Interamerican Motor

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Erin McCarthy AutoZone Inc. agreed to acquire Interamerican Motor Corp., a deal to boost its offerings of import car parts. IMC currently operates 17 locations and is the second-largest distributor of original equipment quality import replacement parts in the ...

Press Release: PMI(R) at 59%; August -3-

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

The 11 industries reporting increased order backlogs in August -- listed in order -- are: Printing & Related Support Activities; Plastics & Rubber Products; Nonmetallic Mineral Products; Paper Products; Petroleum & Coal Products; Furniture & Related Products; Fabricated Metal Products; ...

U.S. Manufacturing PMI Unexpectedly Rises

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

The U.S. manufacturing expansion revved up in August, according to a survey released Tuesday by the Institute for Supply Management. The ISM's manufacturing purchasing managers index increased to 59.0 in August from 57.1 in July. The PMI is at its ...

Australia 2nd Quarter Current Account Deficit Widens

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SYDNEY--Australia's current account deficit widened to a seasonally adjusted A$13.7 billion in the second quarter, the Australia Bureau of Statistics said Tuesday. The deficit for the first quarter was revised upwards to A$7.8 billion from A$5.7 billion, the ABS said. ...

South Korea Inflation at 1.4% in August

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

SEOUL--South Korea's consumer price index rose 1.4% on the year in August, slower than the market expected, government data showed Tuesday. The August reading, below the median 1.5% increase forecast by economists surveyed by The Wall Street Journal, came after ...

China Aims to Shed Light on Local Debt

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

BEIJING--China hopes its local governments can borrow their way out of their debt problems. The idea sounds counterintuitive, but economists are praising the approach as a way to shed light on China's murky borrowing situation--even as some worry that it ...

Weakened current account

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

Press release from Statistics Sweden 2014-09-02 9:30 AM Nr 2014:468 Balance of payments, 2nd quarter 2014: Weakened current account The surplus in the current account amounted to SEK 49 billion in the second quarter, which can be compared with the ...

MARKET SNAPSHOT: U.S. Stocks: Futures Climb Ahead Of ISM Data

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to kick off September on a high note on Tuesday, with futures moving broadly up ahead of data expected to show healthy U.S. factory activity in August. Futures for ...

Euro-Zone Producer Prices Resume Fall

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Paul Hannon Prices of goods leaving the euro zone's factory gates resumed their decline in July, an indication that the currency area will not soon escape a lengthening period of very low inflation that threatens to undermine its fragile ...

Press Release: PMI(R) at 59%; August Manufacturing ISM(R) Report On Business(R); New Orders, Employment and Production Growing; Inventories Growing; Supplier Deliveries Slowing

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

PMI(R) at 59%; August Manufacturing ISM(R) Report On Business(R); New Orders, Employment and Production Growing; Inventories Growing; Supplier Deliveries Slowing PR Newswire TEMPE, Ariz., Sept. 2, 2014 DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released ...

EUROPE MARKETS: European Stocks Slip On QE-launch Uncertainty

TODAY: Sept. 2, 2014 PUB DATE: Sept. 2, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- European stocks slipped Tuesday, with investors moving cautiously as they wait for definitive word on whether the European Central Bank will approve a new round of monetary stimulus. The Stoxx Europe 600 index ...